YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
No image

Red Sea Attacks Disrupting Global Trade, Raising Prices, UN Says

UNITED NATIONS – The U.N. trade body said Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal.

Jan Hoffmann, a trade expert at the United Nations Conference on Trade and Development, known as UNCTAD, warned that shipping costs have surged, and energy and food costs are being affected, raising inflation risks.

Since attacks by